Size and Money Locked
Papertrade locks about $24.5 million in total value, operating solely on Hyperliquid. Aster secures roughly $754 million in TVL, spreading its liquidity across nine different networks.
The disparity in locked capital highlights Aster’s broader market presence compared with Papertrade’s niche focus.
Activity and Fees
Papertrade recorded zero 24‑hour trading volume, yet users paid about $963 k in fees, indicating occasional activity spikes. Aster generated around $7.7 million in volume over the past day, with users paying roughly $194 k in fees.
Both platforms earn revenue from fees, but Aster’s higher volume shows more consistent user engagement.
Networks and Reach
Papertrade is limited to a single chain, Hyperliquid, which restricts its accessibility. Aster operates on nine chains including BSC, Ethereum, Arbitrum, Solana and others, giving it a far wider reach.
The multi‑chain support allows Aster to attract users from diverse ecosystems, whereas Papertrade remains a specialized offering.
Who Each Platform Suits
Papertrade may appeal to traders seeking synthetic BTC and ETH perpetuals on Hyperliquid’s specific pricing model, especially those comfortable with a single‑chain environment. Aster targets a broader audience, from casual traders using its one‑click mode to professional users leveraging high leverage and advanced tools across many networks.